The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow losing 16 points to 16,658. Nasdaq slipped 2 points to 4,234.
On the upside
LiveDeal (Nasdaq: LIVE) will be added to Morgan Stanley Capital International's exclusive Global Index after market close on Friday, May 30, 2014.
Stifel Nicolaus resumed coverage of FuelCell Energy (Nasdaq: FCEL) with a Buy rating. Shares of fellow fuel cell companies Ballard Power (Nasdaq: BLDP) and Plug Power (Nasdaq: PLUG) also climbed.
FormFactor (Nasdaq: FORM) lifted its second quarter outlook prompting an upgrade.
On the downside
Profit taking weighed down shares of NewLead Holdings (Nasdaq: NEWL).
FX Energy (Nasdaq: FXEN) reported gas volume estimates for the Tuchola field in Poland.
Sungy Mobile (Nasdaq: GOMO) reported higher first quarter earnings but the results fell short of analyst expectations and the company forecast current quarter revenue below estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 added a point to 1913. Bitcoin lost $6.66 or 1.18% to $563.47.
